Flputnam Investment Management Co. bought a new position in CMS Energy Corporation (NYSE:CMS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,096 shares of the utilities provider's stock, valued at approximately $3,832,000.
Several other hedge funds and other institutional investors have also modified their holdings of CMS. GQG Partners LLC bought a new position in shares of CMS Energy in the second quarter valued at about $363,388,000. Norges Bank bought a new stake in CMS Energy during the 4th quarter worth about $316,057,000. Magellan Asset Management Ltd acquired a new stake in CMS Energy in the 2nd quarter valued at about $194,237,000. Legal & General Group Plc bought a new position in shares of CMS Energy in the second quarter worth about $189,370,000. Finally, Parnassus Investments LLC bought a new position in shares of CMS Energy in the fourth quarter worth about $102,983,000. Institutional investors own 93.57% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Morgan Stanley decreased their price objective on CMS Energy from $80.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Friday, August 21st. Jefferies Financial Group set a $78.00 price target on CMS Energy in a research note on Thursday, July 16th. Mizuho decreased their price target on CMS Energy from $78.00 to $77.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. BMO Capital Markets lifted their price objective on CMS Energy from $81.00 to $86.00 and gave the stock an "outperform" rating in a research report on Monday, July 20th. Finally, Truist Financial dropped their price objective on CMS Energy from $85.00 to $81.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $81.69.
View Our Latest Stock Analysis on CMS
CMS Energy Stock Performance
NYSE CMS opened at $68.21 on Monday. The firm has a market cap of $21.39 billion, a P/E ratio of 20.48, a P/E/G ratio of 2.47 and a beta of 0.35. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. The stock's 50-day moving average is $73.16 and its 200-day moving average is $74.65. CMS Energy Corporation has a one year low of $67.90 and a one year high of $80.36.
CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The firm's quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Sell-side analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.
CMS Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. CMS Energy's dividend payout ratio (DPR) is currently 68.47%.
CMS Energy Company Profile
(
Free Report)
CMS Energy NYSE: CMS is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.
Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.
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